Report: Facebook looking to VC funding for cryptocurrency

Apr. 08, 2019 4:22 PM ETMeta Platforms, Inc. (META)METABy: Jason Aycock, SA News Editor53 Comments
  • Facebook (NASDAQ:FB) is looking to get venture capital firms to invest big dollars into its cryptocurrency project, according to NYT reporter Nathaniel Popper.
  • And that means "targeting big sums -- as much as $1B," he says in tweets.
  • Facebook could use that as collateral for its currency, he suggests -- and outside investment could help Facebook present its project as more decentralized and therefore more attractive as it would be less under Facebook's control.
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.